Servotech Q1 FY2027: Solar-led growth lifts margins, while EV charging builds credentials

Consolidated revenue was ₹216.29 crore (up 57.69% YoY), EBITDA was ₹20.94 crore (up 93.35% YoY), and PAT was ₹7.94 crore (up 74.51% YoY). All figures are from the investor presentation for the quarter ended 30 June 2026.

The presentation disclosed: Solar Plants 49.7%, Solar Panels and BOS 25.8%, Solar Inverters 19.3%, Power 2.7%, and EV Chargers 2.5%.

The company highlighted a 1,415 kW solar rooftop project order from South Central Railway (Vijayawada Division), a 900 kW BESS order from Uttar Pradesh (mentioned on the concall), and BEE 5-star rating for 60 kW and 120 kW DC EV chargers.

Management stated current battery pack capacity is fully utilised and demand is not being met. They guided that BESS production capacity is planned to double in the next 6 months, become 3 times by 21 March 2027, and target 10 times production capacity over the next 2 years.

On the concall, management said EV charger growth is not significant currently because the market is somewhat stagnant, though they expect growth in the future.

The investor presentation stated 800+ distributors, 6000+ retailers, presence in 370+ towns, and partner retention rate above 70%.